Maritime Resources (CVE:MAE) Sets New 52-Week High - Should You Buy?

Key Points

• Maritime Resources Corp. reached a new 52-week high of C$2.62 during trading, closing at C$2.53 with a trading volume of 297,222 shares.
• The company has a market capitalization of C$310.47 million and significant liquidity indicators, including a current ratio of 1.83 and a quick ratio of 7.08.
• Maritime Resources is focused on the exploration and development of mineral properties, primarily targeting gold, silver, copper, lead, and zinc deposits.

Maritime Resources Corp. (CVE:MAE - ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$2.62 and last traded at C$2.53, with a volume of 297222 shares traded. The stock had previously closed at C$2.49.

Maritime Resources Trading Up 1.2%

The company has a current ratio of 1.83, a quick ratio of 7.08 and a debt-to-equity ratio of 16.11. The stock has a market cap of C$310.47 million, a price-to-earnings ratio of -55.08 and a beta of 0.73. The company has a fifty day simple moving average of C$1.58 and a 200-day simple moving average of C$0.81.

Maritime Resources Company Profile

Maritime Resources Corp., an exploration stage company, engages in the exploration and development of mineral properties. The company primarily explores for gold, silver, copper, lead, and zinc deposits. It also holds 100% interests in the Lac Pelletier project that consists of 16 mineral claims and 1 mining lease covering an area of 443 hectares located in Rouyn Noranda, Quebec; and Wright Property located in Temiscaming, Canada.

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